Join us on April 27 for the grand opening of our Houston office! Click herefor the when, where and what, as well as to RSVP.

Following nearly three years of red-hot growth activity, Houston’s retail sector is finally starting to normalize, according to JLL’s Q1 2017 metrics. Net year-to-date absorption in Q1 stood at 628,160 square feet, out of a total inventory of 340.9 million square feet. Additionally, 2.1 million square feet is under construction, with total vacancy at 5.1%.

General retail centers demonstrated the smallest vacancy rate at 2.5%, though 1.3 million square feet is under construction in this category. Malls, in the meantime, had a 3.8% vacancy, while shopping centers, which have the most inventory, experienced negative absorption of 72,601 square feet and a vacancy rate of 7.7%.